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  • A US court of appeal said the Internal Revenue Service could not see two memos KPMG prepared for the food company Yum! Brands. The case relates to an IRS investigation of Yum! Brands' tax liabilities for 1997, 1998 and 1999. The court decided the memoranda were priviledged.
  • Company income tax returns will grow from A$50 billion ($38.1 billion) in 2005-06 to over A$56 billion ($42.7 billion) for this financial year, according to the tax commissioner's statement in the Australian Taxation Office's compliance programme 2006-2007. The statement also outlines Australia's corporate tax priorities for the next year.
  • Allan Bullot, formerly Ernst & Young's indirect tax head, will join Deloitte in Auckland as an indirect tax partner on August 21. Teresa Farac, who was a PricewaterhouseCoopers partner, will start as a senior Deloitte partner in mid September.
  • David Riviere has become the national supply chain practice head of US-based business advisers Alvarez & Marsal. Riviere works from Atlanta.
  • Nick Foster-Taylor, who previously headed LECG's London transfer pricing practice, has joined the London office of Duff & Phelps, a US financial advisory firm.
  • The Internal Revenue Service and the Treasury released the 2006-2007 Priority Guidance Plan on August 15.
  • The Internal Revenue Service announced the five large and medium sized business division appointments on August 16. Patricia Chaback will take deputy commissioner (international) Frank Ng's old job as industry director for communications, technology and media. Paul DeNard becomes director for pre-filing and technical guidance, Henry Singleton industry director for heavy manufacturing and transportation. Barry Shott takes DeNard's place as industry director for financial services. John Risacher replaces Henry Singleton as director for retailers, food, pharmaceuticals and healthcare.
  • Peter Costello, the Australian treasurer, said the new measures will allow organizations involved in Project Wickenby – a government taskforce combating tax evasion – to share information better, helping to catch tax evaders.
  • The Mellon Bank division of Mellon, a Pittsburgh-based financial services company, has avoided being charged over the destruction of almost 80, 000 tax returns.
  • Nigeria has handed Chevron a $492 million bill that the oil company must pay within 21 days.